What Is An Open Ended Tenancy Agreement
If your short-term insured tenancy is extended on a contractual basis, it can be extended under the Housing (Scotland) Act 1988 until you or your landlord terminate it. A fixed-term lease has a certain period of time – e.B. one year. You must connect the duration of the lease. At the end of the term, the rental becomes periodic. If you do not wish to do so, you must cancel it in writing at least 21 days before the end of the term. Fixed-term leases have a specific term, that.B. one year, while permanent leases have a term of one month or less. Since permanent leases usually operate from month to month, they are legally called periodic rentals.
Fixed-term leases are legally referred to as fixed-term leases. .